Switzerland has retained its place among the top ten most attractive countries in the world, according to the 2011 Nation Brands Index, but the country has dropped a spot since last year. 

"/> Switzerland has retained its place among the top ten most attractive countries in the world, according to the 2011 Nation Brands Index, but the country has dropped a spot since last year. 

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FOREIGN AFFAIRS

Switzerland slips in global ranking

Switzerland has retained its place among the top ten most attractive countries in the world, according to the 2011 Nation Brands Index, but the country has dropped a spot since last year. 

Switzerland slips in global ranking
Denis Nordmann (File)

Switzerland claimed 9th position in the 2011 index, four places lower than in 2005, the first year the survey was conducted.

Switzerland’s image has suffered in recent years, although the country is still appreciated for its governance, described as “competent” and “honest,” for its quality of life, its measures to protect the environment, and its contribution to science, said a statement from Presence Switzerland, the federal body tasked with managing and boosting the image of the country abroad.  

The Nation Brands Index rates the strength and attractiveness of 50 countries every year according to six criteria: exports, governance, tourism, investments and immigration, culture and heritage, and people.

Despite jokes about how much they dislike their Alpine neighbours, Germans rate Switzerland the second most attractive country in the world. China and Russia both rank it 5th, while Turkey and the United States place it in 6th and 7th position, respectively.  

The three most attractive countries in the world are the United States, Germany and Britain, according to the Nation Brands Index.

The perception of Switzerland changes when foreign media, rather than the general public, are asked for their say.

“Abroad, we are very much loved by the public, [but] the media are more critical,” Nicolas Bideau, head of Presence Switzerland, told newspaper Le Matin.

For the first time, the federal department of Foreign Affairs has been monitoring and analyzing the tone of media around the world in articles covering Switzerland.  

Foreign press reports were especially critical of fiscal issues and Swiss bank scandals, such as a indictment involving banking giant Julius Bär, or the UBS rogue trader who lost the bank 2 billion francs.

Other topics that made international headlines were the disappearance of twins Alessia and Livia, the presentation of a solar ski lift in canton Graubünden, and the initiative to remove weapons from homes, which fascinated the US and German media.

Even though the image of Switzerland in foreign media leans towards the negative and its overall attractiveness has deteriorated, Bideau stressed that the country still enjoys an excellent reputation beyond its borders.

“We’re still loved,” he told Le Matin.

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BRAND

Italian defence firm looks to Leonardo for renaissance

Italian aerospace and defence giant Finmeccanica on Wednesday said it planned to change its name to Leonardo, after celebrated Renaissance artist Leonardo da Vinci, as part of a major restructuring.

Italian defence firm looks to Leonardo for renaissance
Photo of a portrait of Leonardo da Vinci. Photo: Nico Barbatelli/Wikicommons

The announcement came as the company, which last month agreed to sell its rail and traffic signal businesses to Japan's Hitachi in a $2.0 billion deal,  announced better-than-expected results for 2015.

Finmeccanica said the Hitachi deal would allow it to focus on the core aerospace, defence and security businesses, in line with massive restructuring efforts under a so-called “one company” plan.

“With the execution of the new organisational and operating model as 'One Company'… Finmeccanica has not only redefined its own structure to make it more consistent with customers and markets requirements… but it also aimed to redefine its identity,” the group said in a statement, explaining the need for a new name.

Shareholders will be asked to approve the change at a meeting in April.

In the same statement, Finmeccanica said net profits rose to €527 million ($591 million) last year, up from €20 million the year before.

Earnings before interest, tax, depreciation and amortisation (Ebita) – a key raw measure of financial performance – came to €1.2 billion, up 23 percent on the previous year.

The group also lowered its net debt by €684 million to €3.278 billion, in part thanks to the sale to Hitachi, it added.

Describing 2015 as “a turning point for Finmeccanica”, the group said it had achieved results “which were higher than expectations”.

Best known for painting the Mona Lisa, Tuscan-born Leonardo (1452-1519) was also a genius inventor and is credited with having first thought of a vertical-flight machine.

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